With a focus on recovering stolen assets, Harmony is promoting a $1 million reward for the safe return of the $100 million that was recently taken.
Harmony has issued a statement affirming a $1 million reward aimed at retrieving the stolen funds from the blockchain company. $100 million funds This offer also extends to the hacker, suggesting that if the stolen assets are returned, Harmony won't pursue any legal action.
Some users on Twitter mocked Harmony’s offer, arguing that a mere $1 million for a theft involving $100 million is insufficient.
Last Thursday, Harmony recognized the Horizon bridge hack. Since then, various experts, including those from the FBI and cybersecurity firms, have been working diligently to recover the lost funds.
On Sunday, Stephen Tse, the founder and CEO of Harmony, provided insights about the breach. gave details The team revealed that the private keys had been compromised, leading to the theft of funds from the Ethereum side of the bridge; the hacker decrypted the keys for full access. The stolen cryptocurrencies included BUSD, USDC, ETH, and WBTC, which were all swapped for Ethereum and are currently sitting in the hacker's wallet, untouched.
"Following the incident, we’ve upgraded the Ethereum side of the Horizon bridge to a 4-of-5 multisig setup. We are committed to enhancing our operational security and infrastructure moving forward,\" Tse noted.
According to REKT According to the latest data, this cyberattack ranks as the fourteenth largest in the crypto world. However, the offered bounty of 1% of the total $100 million may not be enough to motivate the hacker to return the stolen funds.
Harmony's native cryptocurrency, ONE, has seen a decline, now sitting at $0.02313, reflecting a 15% drop over the past week.
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